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NORSAD FINANCE LIMITED

PRI reporting framework 2020

You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
Corporate (financial)
Corporate (non-financial)
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

‚ÄčNegative/exclusionary: We apply the Norsad exclusion list which is an extension of the IFC exclusion list, for the negative screening. We exclude sectors which could have an adverse impact on social and environmental risks. We also exclude investment that do not deliver an adequate developmental impact which we assess using the DEAT tool to ascertain the level of developmental impact. 

Positive/best in class screening: Desk research, client discussions and a self-assessment forms are used to develop a preliminary summary of any ESG issues and opportunities. Norsad seeks investments that have a clearly articulated development impact and good track record in ESG. The final screening process is the presentation to the Norsad board of Directors where final approval is granted and any further guidance is given.

Norms-based screening: -We adhere to international standards such as:

IFC Interpretation Note on Financial Intermediaries
- The World Bank Group Environmental, Health and Safety Guidelines (EHS Guidelines),

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process (Private)


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening

other description

          We apply the IFC exclusion list
        
Positive/best-in-class screening

other description

          We assess projects against the IFC Performance Standards World Bank EHS Guidelines as well sector specific and other best practice guidelines.
        
Norms-based screening

other description

          We assess projects against the IFC Performance Standards World Bank EHS Guidelines as well sector specific and other best practice guidelines.
        

06.2. Additional information. [Optional]


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